CCF - Chase Corporation to acquire NuCera Solutions for $250M
- Chase Corporation ( NYSE: CCF ) to acquire Texas-based NuCera Solutions from SK Capital for a purchase price of $250M.
- NuCera is a recognized in the production and development of highly differentiated specialty polymers and polymerization technologies serving demanding applications, offering products critical to enabling end-product functionality, performance and reliability.
- The move will expand Chase’s global reach into new blue-chip customers and attractive high-growth end markets such as personal care, polymer additives, coatings, diversified consumer products and masterbatches.
- In addition, Chase expects to have meaningful long-term synergy opportunities.
- The firm will continue to market under NuCera brands and the business will be integrated into Chase’s Adhesives, Sealants and Additives reporting unit.
- The purchase will be funded by utilizing Chase's existing revolving credit facility and available cash on hand.
- The deal is expected to close by the end of the third calendar quarter of 2022.
- The addition to be accretive to earnings within the first year of ownership to the company.
- Chase will be modestly levered (~1.2x pro-forma net leverage) post acquisition and maintains ongoing financial flexibility.
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Chase Corporation to acquire NuCera Solutions for $250M